Economics A-Level
Merit goods
What Merit goods means in Economics A-Level, as defined for AQA.
Definition of Merit goods
Check what you remember
Read the wording for your board, then hide it and explain Merit goods in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Goods whose long-term private benefits consumers may undervalue, leading to a perceived marginal private benefit lower than the actual one.
Topics that use Merit goods
- Merit and demerit goods (AQA A-Level)
Related terms
- Demerit goods
- Externalities
- Government intervention
- Imperfect information
- Information failure
- Merit and demerit goods
- Normative economics
- Value judgement
Using Merit goods in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge